, Dent thinks the central bank's future effectiveness will be reduced to nil at a time when markets need it most.
"We had this first crash and of course they stimulated their way out of that," he said. "They'd done everything, but each stimulus has to be stronger. And I think they lose control."— the outspoken investor and former professor who's been predicting a stock-market collapse. In a recent client note, Hussman exclaimed: "The Fed has encouraged a maladaptive confidence that risk does not exist. This overconfidence of investors is itself a threat to their survival," adding, "It should not be a surprise that I expect the S&P 500 to lose about two-thirds of its value over the completion of the current market cycle," in a separate note.
"You know what happens? And I've got a 90 year cycle, which is right on 1929 with this one. When this happens, you don't get a 30 or a 50% stock correction. You get 80 to 90," he said. "I don't care what age you are, but particularly if you're over 30 or 40, you will never see a high this high again in real estate or stocks, you will lose almost all your financial assets and they'll come back much more slowly." Something is loading.
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islanderkim1 Pump and dump in the works. After they have shaken out the longs, smart money will come in to pump up, and then they exit and dumb money gets destroyed. Follow the playbook.
The sky is falling the sky is falling.
We heard 'market is gonna crash, watch out!' all summer as the market returned to record highs, and then when it took a tumble last week all of the 'experts' were taking victory laps like they predicted it while ignoring that tiny little 4-6 months of being wrong.
I care why?
I would expect that 'market expert' would therefore not have anything invested himself right now then, since he expects to lose everything in 2021. Tired of these fear based articles.
Democrats are not helping, Period
cryptolobopt
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